Turkish Honey Hits 37 Countries in H1 2024, Export Revenues Surge

Turkish honey entered the tables of 37 countries in the first half of 2024, achieving record export volumes.

Global Market Penetration

According to data from the Eastern Black Sea Exporters Association (DKİB), Turkey leveraged its favorable beekeeping climate to ship 3,615 tonnes of honey to 37 nations, generating 15,764,889 USD in foreign exchange earnings.

Export Performance and Forex Inflows

■3,615 tonnes of honey exported

■15,764,889 USD in foreign exchange earnings

■Shipments to the United States worth 5,042,659 USD, United Kingdom 2,178,874 USD, and Germany 1,954,561 USD

New Destinations and Geographic Diversification

■Syria

■Denmark

■Sweden

■Liberia

■Cape Verde

Forward-Looking Strategy and Growth Outlook

■Maintain current momentum to surpass last year's volume and revenue figures by year‑end

■Boost value‑added and branded honey exports to capture higher‑margin consumer segments

■Expand into new markets to increase overall market share

Market participants are zeroing in on the strengthening perception of Turkish honey’s quality and variety, expecting sustainable demand growth especially in the U.S. and EU. The foreign‑exchange inflow from these exports serves as a key indicator within broader agricultural export diversification strategies. This dynamic could enhance liquidity in both spot and futures honey markets, potentially raising volatility in related commodity contracts.